Headquartered in Bridgeport, West Virginia, Mountain V Oil & Gas, Inc. was founded in March 1994 by Steve and Mike Shaver to acquire and develop oil and gas reserves in the Appalachian Basin.
The Company has been successful during its 17 year history operating in West Virginia and Pennsylvania, acquiring and divesting nearly 600 wells and drilling more than 540 wells (primarily in the Upper Devonian Formation). Notable joint venture partners include Atlas Energy Resources, Continental Petroleum, LLC and PennecoOil Company. Mountain V has recently expanded its operations into Overton County, Tennessee and Leslie County, Kentucky with the intentions of drilling and producing oil wells.
Working to meet the energy needs of tomorrow
Mountain V currently owns and operates 272 wells in West Virginia producing from the Upper Devonian, Oriskany and Marcellus Shale formations, and holds approximately 20,200 acres with approximately 9,200 acres of which are held by production. Mountain V currently holds approximately 3,000 acres in Overton County, Tennessee and is currently drilling and operating wells in that respective field.